It is the second firm to have received retrospective tax notice this year after Vodafone Group.
India's most wanted fugitive Dawood Ibrahim is not in Pakistan, a top Pakistani official has said.
The Russians had appealed their exclusion from the Games by the International Olympic Committee (IOC) over the doping scandal from the 2014 Sochi Games.
In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to "block" Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and take measures to ensure that they are not sanctioned loans.
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
Events in America have strengthened the hand of those leaders there who wish India well, but think of India as being a collection of Indians.
If Indians are mistreated, they will object, asserts Aakar Patel.
The Bill says that the central government, in consultation with the Data Protection Authority, can direct any data fiduciary or data processor to provide non-personal data to enable better targeting of delivery of services. The government can also ask data processors to provide data for formulation of evidence-based policies for its own use.
External Affairs Ministry Spokesperson Raveesh Kumar said India has friendly ties with both the countries.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
The perpetrators of the 2008 Mumbai attack, who shot dead 166 people, had confessed to details that should have been enough to hang him, but Pakistan enjoyed his anti-India rhetoric and let him spread his tentacles. A revealing excerpt from Khaled Ahmed's Pakistan's Terror Conundrum.
A United Nations Security Council panel has issued a 'revised' letter removing the term 'sahib' from the name of Mumbai terror attack mastermind and JuD chief Hafiz Saeed, saying it regrets the mistake after India objected to the use of the salutation.
'Individuals have been found providing money to major terrorist groups, Hurriyat leaders, separatists and stone-pelters in Jammu and Kashmir.'
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
The agency said it searched a Mumbai-based operator who was running 700 shell companies with 20 dummy directors and had "converted Rs 46.7 crore for Chaggan Bhujbal", the jailed ex-Maharashtra deputy chief minister.
The department has calculated and arrived at the figure and may raise two separate demands.
Mallya said the allegations of money laundering and stealing money against him are 'completely false'.
According to Pakistan's National Counter Terrorism Authority (NACTA) list, which was updated on Tuesday, JuD and FIF were among 70 organisations proscribed by the ministry of Interior under the Anti-Terrorism Act 1997.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
The company faces a potential tax demand.
More than 1,000 independent directors have quit since January 2017; more could be on their way out
'Perhaps the biggest indication was its striking decision in November to delink LeT from its aid certification process.' 'The administration decided that the US, in order to send military aid to Pakistan, would not need to certify that Pakistan is cracking down on LeT.' 'Perhaps the administration was trying to offer a carrot -- in effect, we're backing off on LeT, but in return we expect you (Pakistan) to go after the Haqqanis.' 'Either way, the optics were dreadful for the US given that Hafiz Saeed was released from house arrest a few days after the US move.' 'The US reacted angrily, but eventually it moved on, and refocused on its core concern: The Afghan-focused terror groups.'
The president of a top Honduras football club and two family members were charged by US authorities on Wednesday with engineering a decade-long scheme to launder drug trafficking and foreign bribery proceeds through US accounts.
In more trouble for Finnish mobile firm Nokia, whose immovable assets were attached in an alleged tax evasion case recently, the Income Tax department is set to issue fresh demand notices for payment of taxes to the tune of Rs 1,000 crore (Rs 10 billion).
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
Pakistan has said that fugitive underworld don Dawood Ibrahim is not present in the country, a day after India asserted that its most wanted terrorist was living in the neighbouring country.
India's most wanted terrorist Dawood Ibrahim is in Pakistan and joint efforts with the United States were being made to nab him, Union Home Minister Sushilkumar Shinde said on Friday.
Rejecting the contention of the auditors and others that they cannot be treated as part of the management, which is responsible for managing the affairs of the company and therefore should not be charged as per the said section, the NCLAT said that rules of natural justice are to be followed.
To safeguard investors of firms listed on non-operational bourses, market regulator Sebi on Monday allowed such companies to raise capital through preferential allotment route to meet listing requirements.
Sebi has been given direct powers to freeze bank accounts, attach properties, conduct search and seizure and initiate recovery proceedings.
In a major crackdown on domestic shell companies, the government on Friday decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
Trading such scenarios takes discipline.
Indian Army officers, serving and retired, will tell you that the one thing that makes the Indian soldier singularly unique is his josh and jazba.
The list, according to media reports, also features reducing ties with Iran and closing a Turkish military base.
India said Lakhvi's release was in violation of the 1267 UN resolution dealing with designated entities and individuals.
The fracas between Chief Minister Edappadi K Palaniswami and his deputy O Panneerselvam on Monday over who will be projected as the CM candidate in next year's assembly polls not only points to a possibility of another vertical split in Tamil Nadu's ruling party but will also come as sweet music for the opposition DMK which in the past stood to gain from the AIADMK's squabbles, says N Sathiya Moorthy.
Here is the glimpse of the political turn of events in the state
'Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy,' advises Akash Prakash.
However, the EC is yet to make an official announcement in this regard.
'Having been an air warrior myself for three decades, I am sure the IAF has all the info in place to be divulged at the right time,' says Group Captain Murli Menon (retd).
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